Abeda S. Banu
16 May 2011 at 12:30
Sir,
We are both State Govt. emplolyees of West Bengal.
I am serving for 2+ years and my husband is just recruited as Govt employee.
I get HRA (Rs. 2400/-). As I reside on rent I get the consession in Income tax calculation.
His place of posting is about 250 km from my work place(Kolkata). In his job they get either quarter or HRA. He is residing on rent near his work place.
My question is:
Will we both get HRA ? If yes then please tell the respective law (article ?).
sri
16 May 2011 at 12:10
Dear Experts,
Please clarify the doubt.
I am having a doubt regarding the following queries; when, if, a person is required to pay service tax as a recipient of service for the service imported from the country other than India what would be value of service; for the payment of service tax need to pay. The queries are
1. If, the agreement to pay in Indian Currency, invoice value is Rs.10,000
(a)If TDS deducted from the Rs. 10,000, (Rs.10,000 less TDS on Rs.10,000), Service Tax on value?
(b)If TDS is not deducted from the Rs. 10,000 (pays Rs.10,000 to foreign vendor) and TDS pays from India Company, as per agreement. What is the impact on Service Tax and Income Tax? Service Tax on value?
2. If, the agreement to pay in Foreign Currency, invoice value is $10,000
(a)If TDS is deducted from the $10,000, ($10,000 less TDS on $10,000), Service Tax on value?
(b)If TDS is not deducted from the $10,000 (pays $10,000 to foreign vendor) and TDS pays from India Company, as per agreement. What is the impact on Service Tax and Income Tax? Service Tax on value?
Based on the above queries, I would like to know the following:
3. What is the impact on Service Tax (regarding the valuation of taxable service and others like gross amount?) and Income Tax (admissible or non-admissible expense and others, if any – amount), in both cases?
4. What are the requirements to be fulfilled regarding the same in both the cases, under different statutes?
Thanking you,
Yours faithfully,
Srikanth
Learner
preet
16 May 2011 at 09:44
Hello,
An employee open a cumulative provident account in a bank in 1992, in the name of employee and employer jointly. Now they get only 3 % interest on that amount as the reason the account is open as saving account. Now they want to transfer this amount to other provident fund account where they get 9% interest rate. How it is possible without charging any tax?
Anonymous
13 May 2011 at 22:33
Dear expert,
Whether a person is in possession of any information (which is against the revenue department)and wishes to notify the same to the department can submit the information to the income tax department.
whether the survey or raid or search or seizure will be conduct on that or not.
Please suggest me to the way to approach to the income tax department. coz it is the question of our National Interest.
give solution to me on sumit.gururani@gmail.com.
Anonymous
13 May 2011 at 21:01
Sir,
what is tax payable on the amount received after sale of a plot. the owner is Sr citizen.He has got this lansd from his father. Please guide & inform.
Kinds regards.
Anjesh
13 May 2011 at 17:30
what is the rate of excise duty on liquor chocolate???
what is required permission needed to be sought for manufacturing the same in mumbai ?????
Anonymous
11 May 2011 at 22:55
Sir,
i have sold my present property and want to book in a new launching project which is to hand over possession in end of 2014 will i be charged capital gain tax or if i book it within a year it can be exempted.
Member (Account Deleted)
11 May 2011 at 13:12
Dear Experts,
Kindly discuss the following queries regarding C & F agreement
We are the marketing co. for certain products in mumbai and need to appoint C & F in Maharashtra and other States.
Queries are :
1) How to make the stock transfer to C&F within and outside state? using what forms?
2) Can we make billing in name of C&F and according C&F can make to secondary market?
3) What will be the role of Company and C&F in case of payment of Local Sales Tax ie VAT?
Thanks & Regards,
Rita Paryani
My friend wants to start consulting on various soft wears to overseas customers.What are the legal requirements by law to start export of advise + soft wear ,if any,like RBI permission,service tax no.,vat no.,payment of income tax,service tax,etc.Sir, your advice will be highly helpful in starting his export business.
Service tax applicability of legal consultancy
We are getting professional bills from Advocates. upto mar,2011 Service Tax was not charged by the Legal firm.From Apr,2011 they charge 10.3% Service Tax on total bill.Whether ST is applicable w.e.f 01/04/2011? I did not get such information from net.whether TDS on Prof.bills is to be deducted on ST or on only professional fees?